27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
U.S. indices were trading lower Thursday as stocks continue September weakness. Initial jobless claims came in higher than expected, which has added to economic concerns while investors continue to weigh uncertainty related to the COVID-19 Delta variant and Fed tapering policy.
- The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 0.17% to $447.14
- The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 0.07% to $378.31
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) lost 0.19% to $348.16
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Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Etsy Inc (NASDAQ:ETSY), American Airlines Group Inc (NASDAQ:AAL) and Bath & Body Works Inc (NYSE:BBWI) were among the top gainers for the S&P 500 Thursday.
Aptiv PLC (NYSE:APTV), Newmont Corporation (NYSE:NEM) and Freeport-McMoRan Inc (NYSE:FCX) were among the top losers for the S&P 500.
Elsewhere On The Street
Sell-offs in casino stocks Las Vegas Sands Corp. (NASDAQ:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) continued on Thursday on concerns over a coming revision to the gaming laws in Macau… Read More
Cisco Systems Inc (NASDAQ:CSCO) shares traded lower by 0.27% on Thursday after the company held its long-awaited investor day event on Wednesday… Read More
Crocs, Inc (NASDAQ:CROX), GameStop Corporation (NYSE:GME) and Marathon Digital Holdings, Inc (NASDAQ:MARA) have developed inside bar patterns on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by… Read More
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.